Meta Platforms Inc. (NASDAQ:META)
Old Forum Content for META
Make a Forum Post Become a member to view recent forum posts. Already a member? Sign in here.- DAN: $META is looking a bit frisky this morning. Still below $140, but the low is higher than yesterday's low, which was higher than the prior day's low...which was higher than the previous day....which was higher than the day before that! So, we are seeing 4 consecutive days of higher lows, which is a really positive sign for the bulls. Again, still below $540, but it should definitely be on your radar. I have a couple of option positions on it, but they are pretty small and go out until September 20th. Profitable, but nothing to crow about. --Dan
- Cjauger: When you take a look at $IWM vs $QQQ, is there a rebalancing (rotation). My small cap stocks, $FRPT, $WING, and $HOOD are all green. Big tech, not so much. Was stopped out of $META at LOD
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scottrades: ...
Home Builders are also perking up again after a few days along the 8/21 EMAs. Watch $LEN $KBH $PHM $MHO and $TOL which has been mentioned a few times in the Trading Room. $NVDA is also firming up above the MAs again. $META is close to the highs, wat ... - bigbartabs: @scottrades $GLD $TLT $UUP $CP $TECK $GOLD $MGA $F $GM $SU $IMO $CNQ $IBIT $MSTR $LEN $KBH $PHM $MHO $TOL $NVDA $META $ANET $PLTR ... and there's few economic interruptions that turn out as severe as transportation disruptions. Take the LA Port fiasco that occurred... perfect example of how bad it can get in that sector.
- scottrades: $META above yesterday's high, good volume
- Hawaiianmaxx: @bigbartabs $GLD $TLT $UUP $CP $TECK $GOLD $MGA $F $GM $SU $IMO $CNQ $IBIT $MSTR $LEN $KBH $PHM $MHO $TOL $NVDA $META $ANET $PLTR I stared to plant vegetables in the yard for that reason. Hawaii only has about 3 days worth of food if matson or young brothers can't bring food here
- BarryC: I bot $META also....
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StockMarketMentor: Adding $META to the ATI List.
This stock hit an all-time high today before pulling back almost 2%. But it has been flirting with $540 for a while. IT is trading at around average volume today. I don't see this as a "grab it right now befor ... - X802tp01: @scottrades $META you posted that META broke 540 on good volume. Where do you go to determine if the volume is higher than normal at the time of the BO?
- scottrades: @X802tp01 $META Short term time frame. 10 mins, 30 mins, 1 hour, pick your view...
- scottrades: My notes: $SPY Still above the MAs $QQQ At the 50 Day $IWM Still above the MAs $DXY Watch tomorrow $TNX Watch tomorrow $TLT At the 8 Day $GLD At the 8 Day $GDX NEar the 8 Day $XHB Along the MAs $SMH Under the 50 Day $XLF Watch 44 $IBIT Under the 50 Day $META Dan added to the ATL $NVDA Above the MAs $AMZN Just under the 50 Day $MSFT Low volume pullback $TSLA Near the 50 Day $NEM Near the 8 Day $AEM Near the 8 Day $KBH Back to the base $GS Sitting on the 8EMA $V Channel $FRPT Watch 136.40 $FIX Watch for a PB Buy $MSTR Watch the 50 Day $MCO Steady trend From Woodman
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debeers: $AEM $ANF $BLDR $LLY $META $NVDA $RACE $TOL
$AEM -IMO the best one for gold
$ANF- HIgh End with controlled inventory and the Haddid collection for collegiates
$BLDR- Pros knows where the pros goes
$LLY- so many ways to win that the fat will be added ... -
DAN: @debeers $AEM $ANF $BLDR $LLY $META $NVDA $RACE $TOL Great post, @debeers. Nvidia has problems that any good business would love to have. Earnings should be interesting next week. $RACE -- I have been waiting for the pullback that has not come.
... - debeers: DAN-dumped the $META- Cali is a dumpster fire and all of us who live here need income not sideways. So i dumped it.Thanks Danny
- DAN: @debeers $META 8-) $-)
- bigbartabs: @debeers $META ... our CA is the mini-me of the US.
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scottrades: ...
This market volatility has really shown the cards of institutional investors as the TMLs like $AAPL, $NVDA, $META, $GS, $TSLA and others have come sharply off the bottom. We see where the money that was on the sidelines is going. It’s our job ... - scottrades: My notes: $SPY Quiet Day $QQQ Above the 50 Day $IWM Above the MAs $DXY Fresh Lows $GLD Still in trend $GDX Higher Low $TLT Working $SMH just under the 50 Day $XLF Back near the highs $XLE Weekly Flag $XHB Above the MAs $IBIT BTC under the 50 Day $META Watch 540 $GS Watch 510 $MA Watch 470 $V Needs a trend change $KBH Watch 82.30 $AEM Extended $PANW Breaking out $IBM Close to the highs $CRUS Watch 143 $TTWO Above the 200 Day $FIX At the 8EMA $IOT Earnings coming up Sept 5 $MSTR Watch 142.20
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StockMarketMentor: ...
$META -- is within 3% of its all time high. The pullback, relative to other stocks, was pretty mild at 18%. A breakout above $540 puts $650 in play.
$AMZN -- Poking its head back above the 200-day moving average this morning and starting to fil ... - woodman: @StockMarketMentor $NVDA $META $AMZN - Nice notes this morning. Thanks.
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scottrades: ...
$META Watch 527
$IOT Basing, earnings in September, watch 38.70
Let’s have a great day!
Scott
- DAN: @scottrades $SBUX $NEM $AEM $EGO $KGC $GOLD $NUGT $SPOT $TSLA $NVDA $META $IOT Great note, Scott! Very informative. You are keeping all of us on track, and I appreciate it! Dan
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StockMarketMentor: ...
$META -- Holding above $500 and trying to chew through the supply from last Thursday's gap and crap. It's now in the middle of
$MSFT is up above its opening gap and is testing $110. But this is the 3rd day of the rally...and you DO know the 3-d ... -
StockMarketMentor: ...
$META opened down 7.5%. It then gained 5.5% off the low to close down just 2.5%. Meta is up a bit pre-market, but it’s bumping up against the 21-day moving average. That’s a problem.
$TSLA opened down 11%. Rallied 7.5% off the ope ... - traderbren: $META - pushing up against the 50d ...can it clear it.
- billyzeke: @traderbren $META Yep, now can it stay above it?
- DAN: Links to today's videos: Subject: Monday Madness? The open was pretty dramatic, but the price action at 9:31 was not! When stocks move to extreme levels, they virtually always bring in traders to take the opposite side of the trade. And that's what happened today. COTD: Here's how I traded $NVDA and $META. https://us02web.zoom.us/rec/share/13Q2i_sOTHi7CiMacoQU7lzAH7gNYx07s9A1o500CGrVwBJKJeuFBF3nriEBhRlu.oDEoweDqdXc9vg5Y?startTime=1722879451000 STRATEGY SESSION: Here's the link to today's Training Session -- we covered a lot of ground, including some 59 Trading techniques. https://us02web.zoom.us/rec/share/rdEehzQfLSjonf3KLX7mjpqd3qLgN3Z0kNqKmArm55zmvu_OnsynTh7jHbr0giNT.YrdPFcj-JoXIDzsJ?startTime=1722869944000 Have a great day. --Dan (You'll need to refresh your browser to make the links active).
- Simar297: Any thoughts on $meta, i am swing trading I have a position from $500
- scottrades: @Simar297 $meta Consider a partial stop under today's low. On a strong close, you could add more.
- Cjauger: Gap and crap everywhere, stopped out of a small $META position that I initiated yesterday. Stopped out of $NVDA at break even a large position initiated Tuesday. Also stopped out of $QLD took a small loss in this one because I added a. bit today in the morning Euphoria. Booked a loss of $463 for all that. work. Keeping everything on a tight leach
- ssoha20: @Cjauger $META $NVDA $QLD same thing happened with me stopped out of $MSFT too $META my SL is 499 so its still holding that.
- Henry: $META Below $500
- Imortalz1: So everyone thought it was going to be blue sky again after $META... When you have profits you have to take them. No swinging for the fences until after the election. There's going to be a lot of unseen Volatility per economy, fed and Nov 6th for the foreseeable future.
- Surfacetension: @Imortalz1 $META why does everyone use the word volatility which implies downside and or upside. Everytime that word is used it seems to suggest much more downturns than upside.
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StockMarketMentor: ...
At the same time, we see $META gapping and crapping. This has been a textbook 59-minute trade (and I've spent some time this morning taking snapshots of the charts so I can show it in the upcoming 59-Minute Trader course).
At the same time, $NVD ... - bigbartabs: @StockMarketMentor $META $NVDA $AMZN $AAPL $DKNG $ANET ... $SPX broke the 50dma 3 times in the last 6 days. Might be showing promise if those 3 stay on the low trend line.
- woodman: @ZMan2 $MSFT $NVDA $ARM - the question for me on the charts are what the chip stocks do when they hit overhead major moving averages: $AMD the 200d (repelling thus far after just about hitting it this morning) and $NVDA & $ARM the 50d. Are these rollover spots or just very temporary obstacles soon to be overcome? FOMC decision this afternoon, $META tonight, $AMZN and $AAPL tomorrow, and Friday jobs report could give us the answer to these questions. Expect some volatility.
- joelsg1: @woodman $MSFT $NVDA $ARM $AMD $META $AMZN $AAPL $NVDA rejected "to the penny" at 50d ema so far today.
- Cjauger: @woodman $MSFT $NVDA $ARM $AMD $META $AMZN $AAPL hourly volume is higher than average at 135 million shares in the first 2 hours. Also yesterday it took a beating, I added, I am up to 1/3 of a full position
- Wolf: $META Reports after the close....
- bigreek42: any other big ones reporting besides $meta?
- Wolf: @bigreek42 $meta https://www.earningswhispers.com/calendar?sb=p&d=2&t=all
- bigreek42: @Wolf $meta thanks!
- shoredriver: @bigreek42 $meta ...earningswhisper calendar....
- bill52: $META just jumped up 8%. guessing the initial numbers looked good.
- bigreek42: $meta boom
- scottrades: @bill52 $META Q2 2024 EARNINGS EPS $5.16, EST. $4.72 REVENUE $39.07B, EST. $38.34B
- Wolf: $META Drifting down from over reaction.
- Cjauger: $NVDA liked $META because it jumped rigth alomg with it
- champ: This $META beat will/should help the Markets tomorrow, could see a nice bounce...over all.
- Cjauger: $META guides Q3 38.5B-41B vs 38.31 est
- marklesparkle: @Cjauger $META Isnt it time for this one to split? I always loved it when Dan called it Faceplant
- Cjauger: @marklesparkle $META Yess!!
- Cjauger: @champ $META yes, started some $QLD today
- Cjauger: $META reels are addictive
- joelsg1: @Cjauger $META And importantly increases its AI capex spending forecast up $2B at lower level, Go $NVDA.
- jeffslm: @marklesparkle $META - I guess he was wrong
- marklesparkle: @jeffslm $META at the time he was right LOL
- Cjauger: $META expects significant cap expenditures growth to support AI efforts = $NVDA
- Cjauger: @joelsg1 $META $NVDA Yess!! I saw that, my only position right now
- traderbren: $META - look for it to close the upside gap at 508.37
- scottrades: Good morning Team! Futures are up slightly as we get closer to the Macro Triathlon coming our way in the way of the FOMC (Wednesday), Jobless Claims (Thursday) and Employment report (Friday). This comes in conjunction with a slew of Earnings reports ...
- champ: @kenb $SPY $QQQ ....This drop is ahead of $MSFT earnings, after the close today..... .....and maybe Watch these stock also for Market-direction, in the tech sector........ .............. $META $AAPL $AMZN............. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ .
- champ: $META...$458-$456...is around this price level going to hold, LOD was just at $456.70..... ....and now we all know, what Watch for Entry really means....... ....this is the real deal...Watch for Entry.....maybe around RHRN. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- champ: $META....had Spec....Entry timing but Not with a lot of room Yet.. for my stop, however if my timing is OK, then I will gain more room for my stop...... .....however because this is Now trying to hold, I might move my stock off of Entry, if it fall back below....... ....however don't know if we have markets timing either on the $COPMX and that LOD, could also be...??. ....and just because this held LOD, doesn't mean it is Not going to fall back anymore and this stock also has News.... ....they settled a Law-suit in Texas...... so that negative is now known and its over and over is positive. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- champ: $META, I just took 1/3rd off.....
- champ: $META...I took my profits, so I'm Out for Now......
- bigbartabs: $MSFT seems to be affecting... $META $AVGO $AMZN $NVDA downward
- kenb: @bigbartabs $MSFT $META $AVGO $AMZN $NVDA $AMD results helping to stabilize them.
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StockMarketMentor: ...
Meta ($META) reports Wednesday.
Apple ($AAPL) reports on Thursday.
So these are all very important earnings reports and you can bet that they'll move the market. Expect more volatility than usual this week -- and volatility has been higher than ... - champ: $META...just make a nice turn....new Green stairs.
- champ: $META....I added a little more...because this might continue into their earnings report, on Wednesday after, 7/13.......3-trading-Days-left. .......Watch for Entry..because could catch a real nice move....... ~~~~~~~~~~~~~~~~~~~~~~~~~~~
- champ: $META has Now turned Red....and $OLLI is still Green.
- Cjauger: 2 ticker that looked promising at some point this morning $AEHR, $META, have pulled back. Seating on my hands working well
- billyzeke: @Cjauger $AEHR $META $AMD stormed out of the gate and I thought it might make a little pre-earnings move...had to sell it within 15 minutes. lol
- champ: @Cjauger $AEHR ....however $META has been a real zigzagger, a real pain, however traders are Waiting for a Move...and they keep playing that game ...In and Out, over and over and they really want to be In, when it finally moves....and the timing will happen...but we just don't know when......and they are currently following that bouncing-ball on Top-of-the $QQQ.....
- champ: Watch $META...at around $467...because it looks like it could zig-zag right back-up to $500, in the short term, before they report on Wednesday, after the close.
- joelsg1: $NVDA Back at that $122 level which is $3T market cap, bought back Friday's short calls laddered above that level for tiny gain. If level holds through this week, then looking to add next week. Possible st catalyst: Jensen and Zuck meet on 7/29 and then $META E 7/31 could quantify purchases from $NVDA.
- ssoha20: $META is recovering very fast
- Auto: $META added small long daily
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StockMarketMentor: ...
Meta Platforms ($META) is down below the 50-day moving average. We might see a rebound here, but I think the trade is done for now. Stops have been hit and it’s off the ATI List.
Microsoft ($MSFT) is weak and I see more downside for a whi ... - Simar297: $Meta at 50d, is it buyable here with small position
- Mikev200: @Simar297 $Meta My 2 cents. Sure, maybe stp @ LOD ...I'd wait to see if HOLD above 50dma... SMALL and for LONGER term trade. I think these are going to be "cool" and churn for some time a bit here. I don't see a need to hurry rhrn. GL!
- Henry: @Simar297 $Meta You could and put a stop if it tries to fill the gap from a couple weeks ago. Zuck is supposed to have a meeting with Jensen Huang soon. Something may come out of that. I am long-long term
- Auto: $GDRX $IBIT $AVGO $WFC $APP $SMCI $GLD $MSTR $META added long from below all good in the hood
- Cjauger: $APP at HOD, my largest position. Added this morning $META catching a bid at HOD
- wijimmy: @Cjauger $APP $META ...$APP.... ALSO ME.... added twice this morning... and still watching
- Simar297: What’s wrong with $meta ??
- Henry: @Simar297 $meta nothing to do with X, all of high flying tech got hammered. Since January most of the talking heads said the rest of the market was going to outperform the Mag Seven. Was yesterday the start? It could be but I think we will be back into tech by Monday
- Henry: $meta Don't know what @Dan will say but if it breaks 497 it's going to fill the gap at 478
- Henry: @Simar297 $meta Looks like $500 is in the cards this morning
- Henry: $META $499 in pm
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StockMarketMentor: ...
Watch Meta Platforms ($META) today after Elon Musk threatened legal action against them for conspiring to unlawfully avoid advertising on social media platforms. Put another way, they are one of several companies who are participating in an illegal ... - fishing777: @StockMarketMentor $META $GOOGL $AVGO $MDGL $APP ....$AVGO stock split I believe is 10:1 not 50:1
- djgustoso: $META $NVDA $MSFT $AMZN all unexpectedly weak today (to me at least)... Watching...
- Onthemark: @djgustoso $META $NVDA $MSFT $AMZN A little rotating to those showing better action today.
- Cjauger: I am finallly out of there. $META was my largest, sold it at $520, should have staggered some stops. Would have prevented losses on part of position that was built late (1/3 of position was at $525), the other 2/3 was at $505 Lesson learned. As I build positions into my winners stagger stops to prevent being top heavy. Doing it manually is not efficient and correction will be painful. How many times has @Dan said this?? Lots of time, however nothing like a little pain to burn it into your brain If I am concentrated I can do stops manually, these tend to be where I make most of the $$$, I can probably count these trades in the last 4 years with the fingers of my hand.
- StockMarketMentor: $META -- Still on trend and pulling back and breaking that short term support and triggered the "tight" $522.50 stop I mentioned yesterday. But it is testing the middle Bollinger Band (20-day moving average) and holding. If we see some bu ...
- StockMarketMentor: Watch $META this morning. If the stock holds at current levels, we could see it spring to new highs. The breakout last week was at $525. Currently, it's looking like that level will hold as support and provide a springboard for new highs. Just spitballing. --Dan
- woodman: $META $PLTR - flags after making new highs at previous highs/resistance points.
Stock Price | $559.14 |
Change | -0.70% |
Volume | 9,155,830 |
The investment seeks to track the performance, before fees and expenses, of the Ball Metaverse Index (the "index"). The index seeks to track the performance of globally-listed equity securities of companies that engage in activities or provide products, services, technologies, or technological capabilities to enable the Metaverse, and benefit from its generated revenues. "Metaverse" is a term used to refer to a future iteration of the Internet. Under normal circumstances, at least 80% of the fund's net assets will be invested in Metaverse Companies, which may include investments in ADRs or SPACs. The fund is non-diversified.
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